Sandeep Nailwal says crypto will be valued based on usage, not narratives
@sandeepnailwal: Crypto values shift focus
The cryptocurrency market is experiencing a significant shift, according to Sandeep Nailwal, co-founder of Polygon.
In a recent tweet, Nailwal emphasized the shift from reliance on research premiums to a focus on tangible metrics like usage and revenue in valuing cryptocurrencies. This change is expected to refresh the industry by reducing scams and deterring fraudulent actors. The emphasis on concrete financial performance could lead to a more stable and investor-friendly environment.
Nailwal's statement reflects a broader sentiment within the crypto sector, as stakeholders increasingly prioritize real-world applications over speculative narratives. This evolution could enhance trust and foster sustainable growth within the industry.
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Nailwal's observations on the industry's pivot toward measurable outcomes align with his ongoing advocacy for robust web3 ecosystems, as seen in discussions of Polygon's rising prominence in web3 finance. This emphasis on utility and market adoption also recalls recent record-breaking achievements, such as the surge in Polygon POS chain transactions, further illustrating the sector's growing maturity and commitment to long-term value.
In the previous news, tweet author Sandeep Nailwal discussed Polygon's strategic partnerships.
